Beacon Partners to Build 15-Acre Mixed-Use Project in Charlotte’s South End Neighborhood
CHARLOTTE, N.C. — Beacon Partners, a Charlotte-based mixed-use developer, plans to build a 15-acre project in Charlotte’s South End neighborhood. Named LoSo Station, the project will include more than 500,000 square feet of creative office space, 30,000 square feet of retail and restaurants, 350 multifamily residences and a 150-room boutique hotel.
The master plan also calls for rooftop entertainment, meeting space, outdoor retail plazas and other athletic amenities for tenants and residents.
The transit-oriented development will be situated at the Scaleybark station for the LYNX Blue Line light rail system, as well as along Charlotte Rail Trail, a 3.5-mile long public trail for walking, biking and scooter access through South End.
South End is an up-and-coming neighborhood in Charlotte, with nearby attractions including Queen Park Social, Victory Brewery and OMB (The Olde Mecklenburg Brewery).
“The LoSo Station master plan is such a unique and rare opportunity to plan and develop a transit-oriented development at the convergence of South End and ‘LoSo,’” says Mike Harrell, senior partner at Beacon Partners, referring to the lower portion of South End (LoSo). “We are looking forward to bringing forth the mixed-use amenities that will enhance and complement the already existing business and merchant base in this community-oriented neighborhood of LoSo.”
Harrell says that Beacon Partners will break ground on LoSo Station this summer. Given the scope of the project, Beacon Partners expects to build in phases with Phase I slated for a mid-2020 delivery.
The project team includes architects RBA Group and JDavis, landscape architect LandDesign, parking specialist firm Walker Consultants and land surveyor LDSI. Beacon Partners has selected HFF to market the multifamily and hospitality portions of LoSo Station.
Details about the project’s financing were not disclosed.
Beacon Partners is a Charlotte-based commercial real estate firm specializing in the development, acquisition, leasing and management of industrial, office and mixed-use properties. Beacon Partners leases and manages more than 9.5 million square feet of space throughout the Carolinas.
— John Nelson